...Volume vs. value Contracted sales growth accelerated to 5% yoy, from 0.9% in June 2015 Investment in residential property further decelerated to 3.8%, and has followed a downward trend since the beginning of 2014 GFA sold kept improving but new- home construction and land acquisitions slipped further New-home prices rose in 31 major cities, four more than in June 2015; prices increased further in Tier 1 and Tier 2 cities, while lower-tier cities continued to report declining prices...